📌ADDRESS: 536-538 Velde Ave, Pennsauken Township, NJ 08110 (Block 1312, Lot 10)

PLEASE READ:   

No wholesalers or daisy chains 

Cash offers only

Call Adam at 215-896-5986 for more information on this deal!

Multi Family Residential (4 Apartment Units)

Beds:  8 beds (4 units / all 2 beds)

Baths: 4 bathrooms (1 per unit)

Sqft: 4,375 

Built: 1895

👨‍👩‍👧‍👦 Current Occupancy: Tenant Occupied

👪 Occupancy at Close: Tenant MTM

Starting Price: $385,000

Buy Now Price: $400,000

🚪 Notes: 

Basement: Unfinished basement contains mechanicals and laundry hookups.
Roof/Cover: Gabe / Asphalt Shingles. No leaks reported.
Utilities: Electric is separately metered. Gas (heat) is not separately metered.

⚡️ Comps: 

1.2 mi NJCD2042894 MUL CLS 2134 Merchantville Ave Pennsauken 08110 Camden, NJ 4 Quadruplex 3,550 06/29/23 Tesla Realty Group LLC (TELRG1) $525,000

Quad X Rental Grade ^

3.0 mi NJCD2057864 MUL CLS 6829 Waldorf Ave Pennsauken 08110 Camden, NJ 3 Triplex 2,312 03/08/24 Keller Williams - Main Street (CMSP01) $500,000

Triplex X Average condition

⭐️ Rent Roll: 

536 - First Floor leased $850/month

536 - Second Floor leased $900/month

538 - First Floor leased $950/month

538 - Second Floor leased $900/month

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The below terms are NON-NEGOTIABLE. Deventum Properties is a professional disposition company that will enforce the following conditions:

$10,000 non-refundable EMD

Buyer to pay all standard closing costs

Cash, hard money, or private money only

No JVing - This deal is NOT to be marketed elsewhere

Any agent commission is to be added ON TOP of asking price

DISCLAIMER: This is an assignment of contract. A legally binding purchasing contract with memorandum has been signed with the Seller giving Deventum Properties exclusive rights to purchase the property. DO NOT CONTACT THE OWNER/SELLER without our explicit consent. Any attempts to renegotiate or make contact with the owner will result in legal action.